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Based on a report by Â CRISIL on the top 25 Micro Finance Institutions (MFIs) in India in 2015, the critical points of impact for the MFIs have been identified as the following: Increasing profitability Reduction in Operating expenses Improvement in … Continue reading →

XBRL (eXtensible Business Reporting Language), as we all know it, is a globally accepted standard for exchanging business information. From the Regulatorâ€™s perspective, it is an interactive data format as against Â the merely readable formats like HTML, PDF etc., that … Continue reading →

The average mobile phone user makes at least one financial transaction using their smartphone in a week. Convenience has taken precedence in todayâ€™s fast-paced life, even if it comes with a fee. From utility bills, fund transfers, movie bookings to … Continue reading →

The financial scandals of the late 90s and early 2000s resulted in Reserve Bank of India (RBI) mandates to the various banks in India to submit regulatory reports primarily to prevent and deter frauds and money laundering. Today most of … Continue reading →

The flow of information from one point to another is important to keep the ecosystem intact, especially in the financial world. Regulators need it to regulate the enterprises; investors need it to analyze the enterpriseâ€™s performance and take an investment … Continue reading →

The Reserve Bank of India (RBI), the regulator and supervisor of the financial system in the country, has been awarded the XBRL International Award for Excellence by XBRL International, the global custodian of the eXtensible Business Reporting Language (XBRL), in … Continue reading →

Reserve Bank of India, the apex financial institution of the country had implemented data collection in standardised format since 2008 as a part of their regulatory and supervisory function. The data which is collected from the commercial banks, financial institutions, … Continue reading →

Bombay Stock Exchange (BSE), the most popular stock exchange in the country, has moved to XBRL based e-filings of financial results for the companies listed on the Exchange. This is the second initiative that has been taken by BSE, as … Continue reading →

DataTracks, a leading provider of high-quality XBRL services and software has incorporated the latest taxonomy for Commercial and Industrial (C&I) companies based on notified provision of the Companies Act, 2013. Developed under the auspices of the Ministry of Corporate Affairs … Continue reading →